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NY A09365
Bill
Status
2/23/2022
Primary Sponsor
Crystal Peoples-Stokes
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AI Summary
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Extends the deadline for Erie County to issue serial bonds or notes under private sale provisions from June 30, 2022 to June 30, 2023
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Allows Erie County to arrange underwriting of bonds or notes through negotiated agreement, with compensation provided by negotiated fee or discount from par value
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Permits Erie County to arrange private sale of bonds or notes through negotiated agreement, with optional negotiated fees for sales costs
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Requires state comptroller approval of the terms and conditions of any bond or note sales by Erie County
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Classifies underwriting and private placement costs as preliminary costs under local finance law
Legislative Description
Extends provisions providing for the sale of municipal obligations by the county of Erie.
Last Action
substituted by s8129
5/31/2022